Blackshaw is studying legal reforms in the UK to use smart contracts

Blackshaw is studying legal reforms in the UK to use smart contracts
фото показано с : bitcoints.com

2018-7-20 11:28

The U.K. Law Commission, an independent agency set up by the U.K. parliament to propose legal reform actions, is starting a research project on law reform to bring clarity in the current system for using blockchain-based smart contracts.
The Commission believes that blockchain-powered smart contracts have the advantage of increasing trust and transaction efficiency among businesses.
Therefore, there is a compelling case for a Law Commission scoping study to review the current English legal framework as it applies to smart contracts.”
The move follows a report published by the Commission in December which outlined 14 areas – including the use of smart contracts – that are set for law reform after a year-long public consultation process.
Last year, John Thomas, the top judge for England and Wales also made notable remarks at a lecture hosted by the Commission that the U.K. law may need to be updated to account for blockchain-based smart contracts.

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Источник: bitcoints.com

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